The Graveyard › Banks › 1989
Republic Bank for Savings
Jackson · failed April 6, 1989 · FDIC certificate 31542
Republic Bank for Savings of Jackson failed on April 6, 1989. It opened in 1961, 28 years before. At its last report before that it held $43.4 million in assets and $85.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $85.3 million. The FDIC estimates that the Resolution Trust Corporation lost $73.6 million on it.
1984-031989-03
Assets at the end$43.4 millionlast report before April 6, 1989
Deposits at the end$85.2 million
Estimated loss to the fund$73.6 millionRTC
Largest in the quarterly reports$85.3 millionDecember 31, 1987
Equity to assets-109.5%March 31, 1989
Loans not being repaid38.8%noncurrent, March 31, 1989
Return on assets-43.00%a year's rate, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.